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Emerging Asia Chart Pack (Oct. 2023)

Our Emerging Asia Chart Pack has been updated with the latest data and our analysis of recent developments.

Recent currency falls and renewed concerns about inflation mean Asian central banks will need to keep interest rates high in the near term, and there is a risk of further hikes in the Philippines and Indonesia before the end of the year. However, with growth set to slow over the coming months and inflation likely to drop back again soon, we expect policymakers to start loosening monetary policy around the middle of next year. 

Recent currency falls and renewed concerns about inflation mean Asian central banks will need to keep interest rates high in the near term, and there is a risk of further hikes in the Philippines and Indonesia before the end of the year. However, with growth set to slow over the coming months and inflation likely to drop back again soon, we expect policymakers to start loosening monetary policy around the middle of next year. 

Recent currency falls and renewed concerns about inflation mean Asian central banks will need to keep interest rates high in the near term, and there is a risk of further hikes in the Philippines and Indonesia before the end of the year. However, with growth set to slow over the coming months and inflation likely to drop back again soon, we expect policymakers to start loosening monetary policy around the middle of next year. 

Recent currency falls and renewed concerns about inflation mean Asian central banks will need to keep interest rates high in the near term, and there is a risk of further hikes in the Philippines and Indonesia before the end of the year. However, with growth set to slow over the coming months and inflation likely to drop back again soon, we expect policymakers to start loosening monetary policy around the middle of next year

Recent currency falls and renewed concerns about inflation mean Asian central banks will need to keep interest rates high in the near term, and there is a risk of further hikes in the Philippines and Indonesia before the end of the year. However, with growth set to slow over the coming months and inflation likely to drop back again soon, we expect policymakers to start loosening monetary policy around the middle of next year. ag interest

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